Building Details

Year built 1989

Listing Agency: Dangerfield Properties, LLC Show Phone

Listed By: Kay Dangerfield Show Phone

Added: Mar 17 Changed: Sep 2 Last Checked: Oct 6 at 11:06PM

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MLS# 139417

Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6,000-square-foot flex property at 463 Calhoun in Greenwood, South Carolina, was built in 1989 and is currently arranged as three units. The layout includes one 3,000-square-foot space alongside two 1,500-square-foot suites, supporting a range of commercial configurations. The property may also be reworked into four units, subject to applicable requirements.

The 0.47-acre site includes a recently resurfaced parking lot serving the building. GC zoning supports the stated commercial positioning, with potential applications across office, retail, and light industrial uses. Its existing multi-suite arrangement provides a defined physical configuration for an owner-user or investor evaluating flexible commercial occupancy.

Key Highlights

• 6,000 square feet of flex space on a 0.47‑acre site
• Currently configured as 3 units: one 3,000‑square‑foot space and two 1,500‑square‑foot units
• Potential reconfiguration into 4 units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,343

Cap Rate

4.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$706,860 $706.9K

Cap Rate 7%

$504,900 $504.9K

Cap Rate 9%

$392,700 $392.7K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$54.0K $9.00/SF

− Vacancy

−$3.5K −$0.59/SF

EGI

$50.5K $8.42/SF

− OpEx

−$15.1K −$2.52/SF

NOI

$35.3K $5.89/SF

Area

Greenwood County, SC

Vacancy

6.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$706,860

Cap Rate 7%

$504,900

Cap Rate 9%

$392,700

Alternative Uses

Best Use

Industrial

$504.9K

$441.8K – $589.1K (±1% cap)

NOI $35,343 @ 7.0% cap · market cap 4.42%

Second Best

Retail

$395.4K

$345.9K – $461.3K (±1% cap)

NOI $27,675 @ 7.0% cap · market cap 3.46%

Theoretical Best

Office A

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,938 @ 7.0% cap · market cap 16.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Ouzts-Tinney Chiropractic & Spinal ... Alternative Medicine Practice Donald Worley, DC Alternative Medicine Practice Palmetto Med Care Medical Clinic Thank you! Your ... Insurance Agency

Suggested Use

Top Pick HVAC Service Building Supply Storage Facility Electrical Service Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

820

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 29646, SC

26,783

Population

12,316

Households

2.2

Avg Household Size

40

Median Age

20%

College-Educated

84%

High-School Grad

101.4 sq mi

ZIP Area

264

Density / Sq Mi

$41,669

Median Household Income

$37,556

Median Earnings

$818

Median Rent

$130,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - GC-zoned commercial property with a resurfaced parking lot and adaptable office, retail, or light industrial configurations.

Where is this flex space located?

The property is located at 463 Calhoun Greenwood, SC.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: 6,000 square feet of flex space on a 0.47‑acre site; Currently configured as 3 units: one 3,000‑square‑foot space and two 1,500‑square‑foot units; Potential reconfiguration into 4 units